According to the U.S. Department of Justice, Roger Ver, an early Bitcoin evangelist and known as "Bitcoin Jesus," has reached a settlement with the U.S., admitting that he willfully failed to declare his Bitcoin holdings when he renounced his U.S. citizenship in 2014. According to the DOJ, Ver signed a deferred prosecution agreement and paid nearly $50 million in taxes, penalties, and interest to the Internal Revenue Service (IRS). Prosecutors stated that his concealment resulted in approximately $16.9 million in losses. The U.S. government has now dropped criminal charges against Ver. Acting U.S. Attorney Bill Essayli stated that Ver is taking responsibility for his actions and has agreed to pay a substantial fine. Ver, a citizen of St. Kitts and Nevis since 2014, was arrested in Spain last year and extradited to the United States. His case was investigated by the IRS Cybercrime Unit.

According to the latest document information, asset management company VanEck has submitted an updated S-1 application for the Solana (SOL) spot ETF, with the product management fee rate set at 0.30%.

Binance responded to Limitless Labs CEO CJ Hetherington's accusation that he demanded approximately 8% of the project's tokens and additional margin, calling the statement "false and defamatory" and reserving the right to take legal action. In its statement, Binance emphasized that it will not profit from the token listing process, nor will it charge listing fees, and any margin in the form of cash or tokens will usually be refunded within 1 to 2 years. Binance also pointed out that Hetherington's unauthorized disclosure of confidential communications between the two parties is illegal and has undermined the industry's basic trust in confidential information. Previously, Limitless was supported by Coinbase Ventures and Base Ecosystem Fund. Some industry insiders claimed that Binance has a long-standing practice of requiring project parties to allocate part of the tokens for platform activities, but it is currently impossible to independently verify the statements of both parties. (The Block)

According to Whale Alert monitoring, USDC Treasury has minted an additional 100 million USDC in the past 40 minutes.

Michael Feroli, chief U.S. economist at JPMorgan Chase, said Federal Reserve Chairman Powell's latest speech "cemented expectations for further rate cuts, starting with the next meeting on October 28-29." Feroli noted that the market was already quite certain that the Fed was leaning towards easing policy, but Powell's wording left little room for ambiguity. "While there was little doubt that the Fed would cut rates at its next meeting, today's speech was a strong confirmation of that expectation," he said. Powell's speech further reinforced investors' belief that the Fed was preparing to cut interest rates again after a series of weaker inflation and labor market data, solidifying market bets on a rate cut at the end of October.

Bridge, the stablecoin infrastructure company under fintech giant Stripe, is applying for a national bank trust charter from the Office of the Comptroller of the Currency (OCC). If approved, Bridge will provide regulated stablecoin issuance, management, and custody services under the GENIUS Act, signed this summer. Bridge co-founder Zach Abrams stated that this regulatory framework will enable the company to facilitate the "tokenization of trillions of dollars in assets" within a compliant system. Since Stripe acquired Bridge for $1.1 billion last year, the company has rapidly integrated stablecoins into its core business, including partnering with Coinbase and Shopify to support USDC payments, launching the Open Issuance platform for issuing custom stablecoins, and the payment-optimized blockchain Tempo.

New York City Mayor Eric Adams signed an executive order establishing the nation's first "Office of Digital Assets and Blockchain," aimed at coordinating collaboration between the crypto industry and government and promoting compliant blockchain and crypto projects in New York. Led by Moises Rendon, a longtime city official involved in digital asset affairs, the office's goals include promoting responsible blockchain adoption, attracting fintech talent, expanding financial inclusion, and establishing New York as a hub for crypto innovation. Adams stated, "The digital asset era has arrived, presenting us with opportunities for economic growth, talent attraction, and service innovation." Adams received his first three salaries in Bitcoin and led the inaugural New York Crypto Summit. His term as mayor ends at the end of the year, and he has withdrawn from re-election due to campaign funding issues.

Nasdaq-listed Prestige Wealth (soon to be renamed Aurelion) announced it has purchased $134 million in Tether Gold (XAUT). This purchase follows the completion of a $150 million funding round led by Antalpha. Aurelion paid an average price of $4,021.81 per XAUT token. XAUT represents one ounce of physical gold per token, redeemable for LBMA-standard gold bars stored in Switzerland. Since its launch in 2020, Tether Gold has accumulated approximately 7 tons of physical gold reserves.

US Republican Representative Troy Downing will introduce a new bill on Tuesday, titled "The Retirement Investment Choice Act," which aims to codify President Trump's executive order making cryptocurrencies and private equity investments eligible for 401(k) retirement plans. The bill has been co-sponsored by four Republican representatives: Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. Downing said the move would allow more American savers to access high-potential alternative assets. Previously, the Biden administration had been cautious about including crypto assets in retirement plans.

According to Whale Alert monitoring, in the past 2 hours, USDC Treasury minted a total of 500 million USDC in two batches.

ZKsync’s recent airdrop saw nearly half of the top recipients selling their tokens, sharply dropping ZK's price. This led to criticism of ZKsync’s airdrop criteria and network issues, with critics arguing that anti-Sybil attack measures were insufficient. Will the price continue to decline?